A Company Has an Average Inventory on Hand of $90,000

question 56

Multiple Choice

A company has an average inventory on hand of $90,000 and its average days in inventory is 36.5 days.What is the cost of goods sold?

• A)$900,000
• B)$2,102,400
• C)$2,106,000
• D)$1,051,200

---

Definitions:

Total Dollar Return

The total gain or loss on an investment over a specified time period, represented in dollars, including both capital gains and dividends or interest.

Shares

Shares that represent units of ownership in a company or an investment.

Annual Dividend

The total dividend payments a company makes to its shareholders over a single fiscal year, often expressed as an amount per share.

Total Dollar Return

The overall financial return on an investment, including dividends, interest, and capital gains, measured in dollar terms.